Picasso Breaks Record in Asia: “Buste de Femme” Sells for $25M
() Hong Kong — September 2025
At Christie’s Hong Kong evening sale, Pablo Picasso’s “Buste de Femme” achieved a stunning HK$196.75 million (~US$25.4 million), setting a new record for the artist in Asia.
The sale also highlighted Zao Wou-Ki, whose abstract masterpiece 17.3.63 fetched HK$85.2 million. In total, the evening sale brought in over HK$565 million (~US$73 million), cementing Hong Kong’s role as a global hub of the art market.
At Christie’s Hong Kong evening sale, Pablo Picasso’s “Buste de Femme” achieved a stunning HK$196.75 million (~US$25.4 million), setting a new record for the artist in Asia.
The sale also highlighted Zao Wou-Ki, whose abstract masterpiece 17.3.63 fetched HK$85.2 million. In total, the evening sale brought in over HK$565 million (~US$73 million), cementing Hong Kong’s role as a global hub of the art market.
Key Insights
• Picasso remains one of the strongest names in the global art market.
• Asian collectors are driving prices and reshaping the geography of the art world.
• Hong Kong auctions now compete head-to-head with New York and London.
• The result suggests we may soon see more blockbuster exhibitions in Asia.
• Asian collectors are driving prices and reshaping the geography of the art world.
• Hong Kong auctions now compete head-to-head with New York and London.
• The result suggests we may soon see more blockbuster exhibitions in Asia.
Our Editorial Take
For us, this is both a triumph and a sign of transformation.
• Picasso’s name proves timeless: his art still moves markets and hearts.
• At the same time, the sale shows that the center of gravity in the art world is shifting eastward.
• Asia is no longer an “emerging” region — it’s a main stage for art trade and culture.
For collectors and institutions, this means new opportunities — but also more competition. The art world is more global than ever, and this sale is proof.
• Picasso’s name proves timeless: his art still moves markets and hearts.
• At the same time, the sale shows that the center of gravity in the art world is shifting eastward.
• Asia is no longer an “emerging” region — it’s a main stage for art trade and culture.
For collectors and institutions, this means new opportunities — but also more competition. The art world is more global than ever, and this sale is proof.
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